logo
Saudi bank credit records annual growth of over SR443 billion by end of April 2025

Saudi bank credit records annual growth of over SR443 billion by end of April 2025

Saudi Gazette19-06-2025
Saudi Gazette report
RIYADH — Bank credit granted to the public and private sectors in Saudi Arabia reached SR3,126,381 million (over SR3.126 trillion) by the end of April 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for April.
This marks an annual growth of 16.5 percent and an increase of more than SR443.018 billion compared to the same period in 2024, when bank credit stood at SR2.683 trillion. Quarterly, bank credit continued to rise at all levels, recording a growth of five percent compared to the fourth quarter of 2024, increasing by SR146.411 billion. By the end of the first quarter of 2025, bank credit had grown from over SR2.955 trillion to over SR3.101 trillion.
On a monthly basis, bank credit recorded a growth of 0.8 percent, rising by SR24.420 billion, compared to March 2025, when it stood at SR3,101,961 million.
Bank credit granted to the public and private sectors was distributed across more than 17 diverse economic activities, serving as a key driver in achieving comprehensive and sustainable economic growth and contributing to the goals of Saudi Vision 2030.
According to SAMA data, long-term credit (for over three years) accounted for 49 percent of total bank credit, valued at over SR1.524 trillion. Short-term credit (less than one year) represented 36 percent, amounting to over SR1.135 trillion. Medium-term credit (from one to three years) comprised about 15 percent, totaling SR465.937 billion.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Interior Ministry launches new digital services on Absher platform
Interior Ministry launches new digital services on Absher platform

Saudi Gazette

time11 hours ago

  • Saudi Gazette

Interior Ministry launches new digital services on Absher platform

Saudi Gazette report RIYADH — Director of Public Security Lt. Gen. Mohammed Al-Bassami on Wednesday inaugurated a new set of digital services offered by Public Security via the Ministry of Interior's Absher platform. Under the patronage of Prince Abdulaziz bin Saud bin Naif, Minister of Interior, the launch took place during the 'Digital Transformation Forum: Technology and the Future' held at the Public Security headquarters in Riyadh. The newly launched services include several additions to the 'Absher Individuals' platform, such as transferring vehicle ownership to businesses and new features for air rifle permits, including ownership transfer and license renewal. On the 'Absher Business' portal, new features include the 'Accident Report' service and several services related to rock-cutting activities, such as canceling rock-cutting material usage permits, canceling rock discharge and transport permits, and adding new materials to existing permits. These additions are part of the Ministry of Interior's ongoing efforts to accelerate digital transformation, improve quality of life, and streamline procedures for citizens, residents, and visitors. The services aim to reduce in-person visits and save time by offering automated processes across the security sector.

Saudi Arabia to unveil SR21 billion investment deals at Damascus forum
Saudi Arabia to unveil SR21 billion investment deals at Damascus forum

Saudi Gazette

time11 hours ago

  • Saudi Gazette

Saudi Arabia to unveil SR21 billion investment deals at Damascus forum

Saudi Gazette report DAMASCUS — A high-level Saudi delegation led by Minister of Investment Khalid Al-Falih arrived in Damascus on Wednesday ahead of the Saudi-Syrian Investment Forum, set to take place Thursday, marking a significant step toward restoring economic cooperation between the two countries. The visit, conducted under the directive of Crown Prince Mohammed bin Salman, includes the participation of more than 150 Saudi businessmen and investors. It reflects the Kingdom's growing commitment to supporting Syria's economic recovery through direct engagement and private sector involvement. The Ministry of Investment, in coordination with the Federation of Saudi Chambers, is leading efforts to enable Saudi businesses to participate in reconstruction and development opportunities across Syria. The forum is expected to witness the announcement of investment agreements worth SR21 billion across 11 key sectors. These include real estate, infrastructure, information and communications technology, transportation, industry, tourism, energy, trade and investment, healthcare, human resources, and financial services. According to sources, the deals will include residential and commercial developments in cities such as Damascus and Homs, the construction of cement and gypsum factories to support local industry, and advanced digital infrastructure projects that will help modernize Syria's communications systems and data capabilities. Further agreements will address energy generation, hospital rehabilitation, pharmaceutical manufacturing, vocational training, and the revitalization of Damascus International Airport in line with international standards. In addition, financial sector agreements will focus on enabling fintech collaboration, dual listings, and sustainable investment initiatives. The forum will also serve as a platform for 38 memorandums of understanding to be signed between Saudi and Syrian stakeholders. More than 150 Saudi representatives from both public and private sectors are expected to attend, alongside over 400 participants from Syria. The event is seen as a pivotal moment in reviving bilateral ties and fostering a new era of trust, economic partnership, and joint development. Saudi officials have emphasized that the initiative aligns with the vision of Crown Prince Mohammed bin Salman to promote regional prosperity through strategic investment and cooperation. The Ministry of Investment said the forum embodies Saudi Arabia's belief in investment as a tool for peace, stability, and mutual growth—contributing to the rebuilding of Syria while reinforcing the Kingdom's role in leading regional development and integration under Vision 2030.

Saudi Arabia to unveil SR19 billion investment deals at Damascus forum
Saudi Arabia to unveil SR19 billion investment deals at Damascus forum

Saudi Gazette

time12 hours ago

  • Saudi Gazette

Saudi Arabia to unveil SR19 billion investment deals at Damascus forum

Saudi Gazette report DAMASCUS — A high-level Saudi delegation led by Minister of Investment Khalid Al-Falih arrived in Damascus on Wednesday ahead of the Saudi-Syrian Investment Forum, set to take place Thursday, marking a significant step toward restoring economic cooperation between the two countries. The visit, conducted under the directive of Crown Prince Mohammed bin Salman, includes the participation of more than 150 Saudi businessmen and investors. It reflects the Kingdom's growing commitment to supporting Syria's economic recovery through direct engagement and private sector involvement. The Ministry of Investment, in coordination with the Federation of Saudi Chambers, is leading efforts to enable Saudi businesses to participate in reconstruction and development opportunities across Syria. The forum is expected to witness the announcement of investment agreements worth SR19 billion across 11 key sectors. These include real estate, infrastructure, information and communications technology, transportation, industry, tourism, energy, trade and investment, healthcare, human resources, and financial services. According to sources, the deals will include residential and commercial developments in cities such as Damascus and Homs, the construction of cement and gypsum factories to support local industry, and advanced digital infrastructure projects that will help modernize Syria's communications systems and data agreements will address energy generation, hospital rehabilitation, pharmaceutical manufacturing, vocational training, and the revitalization of Damascus International Airport in line with international addition, financial sector agreements will focus on enabling fintech collaboration, dual listings, and sustainable investment forum will also serve as a platform for 38 memorandums of understanding to be signed between Saudi and Syrian than 150 Saudi representatives from both public and private sectors are expected to attend, alongside over 400 participants from event is seen as a pivotal moment in reviving bilateral ties and fostering a new era of trust, economic partnership, and joint officials have emphasized that the initiative aligns with the vision of Crown Prince Mohammed bin Salman to promote regional prosperity through strategic investment and Ministry of Investment said the forum embodies Saudi Arabia's belief in investment as a tool for peace, stability, and mutual growth—contributing to the rebuilding of Syria while reinforcing the Kingdom's role in leading regional development and integration under Vision 2030.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store